Norway's Ada Hegerberg, centre in hood, on the bench after being withdrawn from starting line-up before kick-off in the Women's World Cup Group A match against Switzerland at Waikato Stadium on July 25, 2023. Getty
Norway's Ada Hegerberg, centre in hood, on the bench after being withdrawn from starting line-up before kick-off in the Women's World Cup Group A match against Switzerland at Waikato Stadium on July 25, 2023. Getty
Norway's Ada Hegerberg, centre in hood, on the bench after being withdrawn from starting line-up before kick-off in the Women's World Cup Group A match against Switzerland at Waikato Stadium on July 25, 2023. Getty
Norway's Ada Hegerberg, centre in hood, on the bench after being withdrawn from starting line-up before kick-off in the Women's World Cup Group A match against Switzerland at Waikato Stadium on July 2

Norway in World Cup peril after Switzerland draw amid Hegerberg injury and player unrest


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Norway coach Hege Riise was left sweating on news of an injury that forced star striker Ada Hegerberg out of Tuesday's goalless Women's World Cup draw with Switzerland.

Riise's problems were exacerbated due to tensions in the squad with Caroline Graham Hansen unhappy at being left out of the line-up.

Winger Graham Hansen, a Champions League winner last month with Barcelona, was dropped by Riise for the game in Hamilton following Norway's 1-0 defeat to co-hosts New Zealand in the opening match of the World Cup.

Meanwhile, former Ballon d'Or winner Hegerberg had lined up on the pitch for the national anthems before heading back towards the dressing room injured, with Sophie Roman Haug coming in as a last-minute replacement.

The Norwegian Football Association said Hegerberg had felt a pain in her groin in the final sprint of the warm-up, with Riise admitting she only realised a change would need to be made at the last moment.

"We were quick to have (the line-up) changed so Sophie could come in and not use a substitute," said Riise, who did not provide any further update on the extent of Hegerberg's injury.

Graham Hansen's frustration at not starting might be a more pressing concern for Riise with Norway now needing to win their last Group A game against the Philippines just to stand a chance of reaching the last 16.

According to Norwegian media, Graham Hansen complained she had not been shown respect after being left out of the starting XI.

"These are things we will handle internally," Riise said when asked about the player's reaction.

"There is a lot of frustration that we didn't win. Caroline is entitled to be frustrated and to express an opinion, but since I arrived in this position I have always said the team is the most important thing.

"All players want to start matches. I reached the decision in the best interest of my team and I defend my decision today," added the 54-year-old coach.

Norway lacked inspiration in the final third in the absence of Hegerberg, the Champions League's all-time top scorer, and with Graham Hansen only coming on just before the hour mark.

They remain without a goal or a win in the tournament and have just one point in Group A.

Switzerland are top with four points, one ahead of New Zealand and debutants the Philippines, who beat the co-hosts 1-0 earlier in Wellington.

Norway must win their final group game against the Philippines in Auckland on Sunday to stand a chance of progressing.

Switzerland just need to avoid defeat against New Zealand at the same time in order to reach the last 16.

The loss just before kick-off of Hegerberg, whose career has been blighted by injuries in recent years, was a disappointment for the 10,769 fans who showed up on a cold, wet and miserable night.

Her replacement, the Roma player Roman Haug, was unlucky not to score, forcing a good save from Swiss goalkeeper Gaelle Thalmann with a header midway through the first half and from a half-volley after the restart.

Norway were more lively following the introduction of Graham Hansen, who forced another save from Thalmann after cutting in from the right flank.

Her club teammate Ana Maria Crnogorcevic had Switzerland's best chance, firing over after a quick exchange of passes in the first half.

Yet a draw was a better result for Switzerland, and Norway are at risk of a group-stage exit, just like at last year's European Championship.

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West Indies v England ODI series:

West Indies squad: Jason Holder (c), Fabian Allen, Devendra Bishoo, Darren Bravo, Chris Gayle, Shimron Hetmyer, Shai Hope, Evin Lewis, Ashley Nurse, Keemo Paul, Nicholas Pooran, Rovman Powell, Kemar Roach, Oshane Thomas.

Fixtures:

1st ODI - February 20, Bridgetown

2nd ODI - February 22, Bridgetown

3rd ODI - February 25, St George's

4th ODI - February 27, St George's

5th ODI - March 2, Gros Islet

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Updated: July 25, 2023, 2:44 PM